Car Loan Kesinga

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Car Loan Kesinga

Best Banks for Car Loan in Kesinga


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Car Loan Kesinga Features

Loan Approval in 30 Minutes
Lowest Rate of Interest
Up to 100% on Road Loan
Minimum Documentation
Paperless Process
Flexible Repayment
Zero Foreclosure
24 x 7 Online Payment Facility
No Hidden Charges

Having your car must be on your desire list if you live in a major city like Kesinga. But don’t panic if you don’t have the bucks. Experts from Dialabank will assist you in selecting the best plan for your needs and walk you through the whole application process step by step.

Car Loan Kesinga


car loan

Car Loan Kesinga Eligibility Criteria

Salaried Individual
Age – 21 years to 60 years
Net Monthly Income – Minimum ₹ 20,000
Employment Duration – 1-year minimum
Income Eligibility – Based on Form 16 and salary slip
Self-Employed Individuals
Age – 21-65 years of age
Minimum ITR – Rs.2 lakh
Employment Duration – Minimum 3 years
Income Eligibility – Depends on the latest Income Tax Returns
Self-Employed Non-Individuals (Company/Partnership)
Minimum ITR – Rs. 2 lakh
Employment Duration – 3 years minimum
The applicant has to present IT returns and audited financials of 2 years with Calculated Income.
Priority Customers
At least 6-month vintage
Average Quarterly Balance – 2 quarters balance at a minimum of Rs.1 lakh
Maximum Loan Amount – 3 times the Average Quarterly Balance of the last 2 Quarters


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Car Loan Kesinga EMI Calculator

Car Loan Kesinga Fees & Charges

Charges New Car Loan Used Car Loan
Interest Rate

7.35% per annum

11.80% p.a. to 13.80% p.a.
Car loan Processing fees 0.5% 0.5%
Issuance of Duplicate Repayment Schedule Charges Around Rs.500 Around Rs.500
Foreclosure Charges 0.06 0.06
Penal Interest 2% PM 2% PM
Car loan Part Payment charges 6% of the amount 6% of the amount
Cheque/Instrument Swap Charge Around Rs.500 Around Rs.500
Documentation Charge Around Rs. 500 Around Rs. 500
Issuance of Duplicate No Dues Certificate Charges Around Rs. 500 Around Rs. 500
Registration Certification Collection Charge Around Rs. 200 Around Rs. 200
Cheque Bounce/Instrument Return Charges Around Rs. 500 Around Rs. 500
Issuance of Duplicate Statement Charges Around Rs. 500 Around Rs. 500
Loan Cancellation/Re-booking Charges Around Rs. 1000 Around Rs. 1000
Issuance of Credit Report Around Rs. 50 Around Rs. 50


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Car Loan Kesinga Fees and Charges: Leading Banks – Mar 29 2024

Bank Processing Fee
Prepayment Charges
HDFC Bank Car Loan (1999 - 4999) + Tax
2%, Nil foreclosure charges after 24 months
Axis Bank Car Loan 1 % to 2.50% Nil
Private Bank Car Loan 0.25% to 1.50%
2%, Nil foreclosure charges after 36 months
SBI Car Loan 500/- to 0.50% Nil
Kotak Car Loan 1% to 2%
2.25% of fore closure amount if closed 1 month ahead of the tenure.
IIFL Car Loan Nil Nil
Muthoot Car Loan Nil Nil
Manappauram Car Loan Nil Nil
PNB Car Loan 0.70% to 1% Nil
Canara Bank Car Loan 0.01 Nil
Andhra Bank Car Loan Nil Nil


To check Car Loan Interest Rate for all major banks you can visit: Car Loan Interest Rates


car loan

Car Loan Kesinga Documents Required

Salaried Individual

Category
Documents Required
Identity Proof (Any 1) Passport
Voter ID
Aadhar Card
Driving License
Address Proof (Any 1) Aadhar Card
PAN
Driving License
Electricity Bill
Date of Birth Proof(Any 1)
Passport
Birth Certificate
High School Marksheet
Driving Licence
Signature Proof(Any 1)
PAN
Bankers Verification
Passport
Income Proof
Salary Slip and latest Form No.16
Bank Statement
Last 6 month Bank statement
Employment Continuity Proof
Job card by NREGA
ITR of Form no. 16
Salary Slip mentioned with joining date
Letter of Appointment

 

Self-Employed Individuals

Category
Documents Required
Identity Proof (Any 1) PAN Card
Passport
Voter ID
Aadhar Card
Address Proof (Any 1) PAN Card
Voter ID
Passport
Electricity Bill
Date of Birth Proof (Any 1) Birth Certificate
Passport
Driving Licence
PAN
Signature Proof (Any 1)
PAN
Bankers Verification
Passport
Bank Statement
Bank statement of last 6 months
Employment Continuity Proof
Latest ITRs
Shop & Establishment Act Certificate
Shop & Establishment Act Certificate
Sales Tax or VAT Certificate
Business Proof
Registration Certificate
Telephone Bill/Electricity Bill
Shop & Establishment Act Certificate
SSI or MSME Registration Certificate

 

Self-Employed Non-Individuals:

1. Partnership Firms/Societies

Category
Documents Required
Identity Proof (Any 1) Driving Licence
PAN Card
Aadhar Card
Passport
Address Proof (Any 1)
Electricity Bill/Telephone Bill
Aadhar Card
Driving License
Voter ID
Income Proof
Audited Balance Sheet
P&L Account
ITR for the previous 2 years
Bank Statement Last 6 month
Business Continuity Proof
Company ITR of the last 2 years
Audited Balance Sheet
TAX registration Certificate
Current Account Statement
Additional documents
Letter of Authority or PAN Card

 

2. Private Limited/Limited Companies

Category
Documents Required
Identity Proof
The latest copy of MOA and AOA
Copy of Incorporation
Address Proof (Any 1)
SSI/MSME Registration Certificate
Telephone Bill
Electricity Bill
Shop & Establishment Act Certificate
Sales Tax Certificate
Income Proof
Audited Balance Sheet
P&L Account and ITR for the previous 2 years
Bank Statement Previous 6 Months
Business Continuity Proof
P&L account and
ITR of the Company of the past 2 years
Audited Balance Sheet
Shop & Establishment Act Certificate
Additional documents
List of Shareholding partners and Directors
Board Resolution
PAN Card
Certificate of Commencement of Business for Ltd. Co.


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How to Get the Best Car Loan Interest Rates in Kesinga

  • Choose a short repayment term – Short-term loans frequently have lower interest rates than longer-term loans. Therefore borrowers who wish to save money should choose short-term loans.
  • Research and compare the perks offered by different lenders – Borrowers should always investigate and compare the advantages provided by various lenders. This can assist consumers in determining which lenders provide the most significant interest rates and hence which lender to choose for the loan.
  • Maintain a modest debt-to-income ratio – The debt-to-income ratio calculates how much of a borrower’s income goes toward repaying an older loan, and it’s something that lenders in Kesinga commonly consider when setting interest rates. Borrowers with a lower debt-to-income ratio have a greater chance of receiving a car loan with a lower interest rate.
  • Maintain a good credit score – If you have a good credit score, lenders would gladly offer you a car loan with cheaper interest rates. Lenders in Kesinga require a credit score of 750 or above.

How to Apply for a Car Loan in Kesinga?

Availing of a car loan in Kesinga is an easy process with Dialabank.

  • Would you please visit our website?
  • Select the option for a car loan from the menu.
  • Fill in the facts about the vehicle and your earnings.
  • Please wait for our relationship manager to contact you at the phone number you provided.
  • You can call 9878981166 if any queries regarding the loan in Kesinga.


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Which Bank in Kesinga Offers the Best Car Loans?

In Kesinga, large and reputable institutions such as HDFC, Private, and SBI offer various vehicle loan options. The most OK lender will be able to supply you with the loan amount you require at the lowest possible interest rate and deliver the funds as quickly as possible. Before applying for a vehicle loan that matches all of your requirements, you should constantly evaluate vehicle loans from various providers.

Car Loan for Major Car Manufacturers in Kesinga

TABLE WILL APPEAR

Processing Fees & Prepayment Charges on Car Loan Kesinga

Category Details
Processing Charges
1999 - 4999 + Tax
Prepayment
No prepayment is allowed until 12 EMIs are paid
Preclosure
No foreclosure is allowed until 12 EMIs are paid
Prepayment Charges
13-24 months: 2% of loan principal outstanding
>36 months: Nil Charges
Stamp Duty
As per state laws
Cheque Bounce Chgs
₹ 550/chq + GST
Floating Rate of Interest Not Applicable
Overdue EMI Interest
2% p.m.(on overdue amount)
Amortisation Schedule Chgs Rs 200 + GST


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CIBIL Score Required for Car Loan in Kesinga

Your CIBIL score, which is based on your payback history, determines your ability to repay your loans. A higher credit score indicates a positive credit history, which facilitates the processing of your application. In most cases, banks and NBFCs in Kesinga consider a credit score of 750 or higher to be good when approving your loan application. CIBIL score is essential because if it is lower than the required value, you will be required to pay a high rate interest rate on your loan amount.


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Car Loan Kesinga Contact Number

In case of any queries regarding a car loan in Kesinga, you may contact us on the number 9878981166 for trustworthy assistance.


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Pre Calculated EMI Table for Car Loan Kesinga

Rate 5 Yrs 4 Yrs 3 Yrs
10.50% 2149 2560 3250
11.00% 2174 2584 3273
11.50% 2199 2608 3297
12.00% 2224 2633 3321
12.50% 2249 2658 3345
13.00% 2275 2682 3369
13.50% 2300 2707 3393
14.00% 2326 2732 3417
14.50% 2352 2757 3442
15.00% 2378 2783 3466


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About Kesinga

Kesinga is a notified area as well as a small town in the Kalahandi district of Odisha, India. Kesinga is also known as the Kalahandi Gate. Agriculture, small industries, and start-ups abound in Kesinga.


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Car Loan Banks in Kesinga

Bank Bank Address IFSC
ALLAHABAD BANK MAIN ROAD, OPP. ELECTRICAL OFFICE, P.O. KESINGA, DIST. KALAHANDI,ORISSA 766012 ORISSA ALLA0212026
ANDHRA BANK NEAR RLY PHATAK, MAIN ROAD KESINGA, KALAHAND, ORISSA-766012 ANDB0001360
BANK OF BARODA NEAR CHIRANJIB TALKIES, MAIN ROAD, AT PO KESINGA, DIST KALHANDI, ORISSA 766012. BARB0KESING
CANARA BANK ERCHEERNJIVITLKIESPOKESIGA CNRB0006132
HDFC BANK HDFC BANK LTD RAJIV GANDHI CHOWK, DIST – KALAHANDI, KESINGA ORISSA 766012 HDFC0003028
PUNJAB NATIONAL BANK PNB, KESINGHA DISTT KALAHANDI ORISSA 766102 PUNB0765300
UCO BANK PO-KESINGA,DIST-KALAHANDI 766012 UCBA0000641
AXIS BANK RAJIV GANDHI CHOWK DURGA MANDAP ROAD KESINGA UTIB0003384

FAQ’s About Kesinga Car Loan

✅ What are my alternatives for repaying my auto loan?

Three choices for repaying your loans are Standing Instructions, Electronic Clearing Service, and Post-Dated Cheques.

✅ Is it necessary to have a guarantor for a car loan?

Most lenders will not require a guarantor in most cases. However, if your income is below the statutory minimum, lenders may demand you to provide a guarantee or co-applicant to ensure that you can repay the loan.

✅ Where can I find a vehicle loan interest calculator?

You can use the EMI calculator on Dialabank’s website or your lending bank’s website.